The global unidirectional tapes (UD) market size was US$ 198.29 million in 2021. The global unidirectional tapes (UD) market size is forecast to reach US$ 523.9 million by 2030, growing at a compound annual growth rate (CAGR) of 11.4% during the forecast period from 2022 to 2030.
Unidirectional Tapes (UD Tapes) are unidirectional carbon fiber or glass fiber composite materials. These tapes are made from a variety of thermoplastic resins and can tailor for specific applications. A carbon or glass fiber of the proper size ensures maximum adhesion to plastic. Unidirectional tapes have excellent mechanical qualities as a result. Chemical resistance, durability, and fire resistance are features that help them suit a variety of application needs. Unidirectional tapes are utilized in sectors such as the automotive and aerospace industries as standard materials in sports and leisure industries to save time and money. Enterprises use thermoset directional tapes due to their low cost, high responsiveness, and simple impregnation process.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 pandemic negatively impacted the global unidirectional tapes (UD) market. During the initial stage of COVID-19, governments worldwide imposed a lockdown in order to prevent the spread of the COVID-19 virus. As a result, various companies halted their production due to a lack of labor and scarcity of raw materials due to travel restrictions across the borders.
Regional Insights
North America held dominance in the unidirectional tapes market in 2021 and is forecast to remain dominant over the forecast period. As a result of the strong existence of the air and defense industry. In addition, rising demand for light vehicles and aircraft is forecast to propel the demand for the product in the region.
The Asia Pacific is forecast to have lucrative growth during the projected period. Due to the growing demand from countries such as India and China for the product in the defense sector. Moreover, the presence of key automobile companies such as Tata Motors, Hyundai Motor Company, and others will create opportunities for market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global unidirectional tapes market are:
Scope of the Report
The global unidirectional tapes market segmentation focuses on Resin Type, Fiber, End-Use, and Region.
Segmentation based on Resin Type
Segmentation based on Fiber
Segmentation based on End-Use
Segmentation based on Region